Insider Selling: Nielsen Hldg Director Sells 163,956 Shares of Stock (NLSN)
Nielsen Hldg (NASDAQ:NLSN) Director David L. Calhoun sold 163,956 shares of Nielsen Hldg stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $48.03, for a total value of $7,874,806.68. Following the completion of the transaction, the director now directly owns 763,069 shares of the company’s stock, valued at approximately $36,650,204. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on NLSN. Analysts at Barclays initiated coverage on shares of Nielsen Hldg in a research note on Wednesday, May 14th. They set an “overweight” rating and a $55.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Nielsen Hldg from $52.00 to $56.00 in a research note on Wednesday, April 30th. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Nielsen Hldg from $48.00 to $50.00 in a research note on Friday, April 25th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $44.04.
Shares of Nielsen Hldg (NASDAQ:NLSN) traded up 0.38% during mid-day trading on Wednesday, hitting $47.23. 2,470,361 shares of the company’s stock traded hands. Nielsen Hldg has a 52-week low of $32.40 and a 52-week high of $48.51. The stock has a 50-day moving average of $46.82 and a 200-day moving average of $44.94. The company has a market cap of $17.896 billion and a P/E ratio of 23.64.
Nielsen Hldg (NASDAQ:NLSN) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company posted $0.38 earnings per share. Nielsen Hldg’s revenue was up 12.9% compared to the same quarter last year. On average, analysts predict that Nielsen Hldg will post $2.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, June 3rd.
Nielsen Holdings NV is a Netherlands-based company engaged in information and measurement services. The Company, together with its subsidiaries, delivers media and marketing information, and analytics on a global and local basis.
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